COCHA

Central Okanagan Cooperative Housing Association

2421 Last Rd.  #13, West Kelowna, BC V4T 2J1        Phone/Fax 250)768-3060

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Welcome to our website!  We are located in the heart of the beautiful Okanagan Valley overlooking Okanagan Lake in the City of West Kelowna (Westbank) British Columbia, Canada.  Established in 1974 as a senior's cooperative housing association, we have 35 units in our complex with a mix of 1 and 2 bedrooms configured around a lovely landscaped central courtyard.  The property is bi-level containing townhouse, apartment, and bungalow styles of housing, many with views of the mountains and the lake.  Our location is within easy walking of local shopping, medical, banking facilities and bus routes.

You may want to have a look at the following requirements to qualify to make application.  If you find you are eligible to apply, you may download an application and email or mail to us for consideration.  We do have a waiting list and applying does not guarantee an interview or an opening in the near future.

1.    We are a non-profit housing co-operative providing quality housing at a reasonable cost for persons who are:

  • Retired or semi-retired
  • Aged 55 or better
  • Using this as their principle residence for at least 9 months of the year
  • Mobile and able to care for themselves, now and in the foreseeable future
  • Willing to co-operate and participate in the operation of this co-op, including attending the Annual General and Tenant’s meetings
This complex is NOT a:
  • Rental accommodation
  • Condominium
  • Senior’s Home
  • Care facility

It is a co-operative – you become a member/shareholder.

2.   To become a member, to have the privilege of 1 vote and to qualify for a suite, you are required to invest:
  • $1,000 for 1,000 equity shares, if signing for a one bedroom unit, OR
  • $1,500 for 1,500 equity shares, if signing for a two bedroom unit, AND
  • One months housing charge is levied for Cleaning and Damage deposit .

Share certificates are issued for all shares. All shares are redeemable, normally within the 60-day notice of vacating period required, if moving. Shares are automatically transferable between husband and wife in case of demise. These funds are carefully invested and help to stabilize our financing. In that they assist to keep our costs low, there is NO INTEREST earned on shares. Control and use of the share capital is at the discretion of the Board of Directors under Rules filed with the B.C. Government.

A housing agreement based on sound business principles and "good housekeeping" must be signed.

3.   Most needs and services are within one to six blocks, including grocery and general shopping, banks/credit union, doctors, dentists, lawyers, accountants, financial planners, churches, senior citizens activity center and the Johnson Bentley Aquatic Centre.

4.   This co-op has a beautiful view of Lake Okanagan.

5.   This co-op contains 14 single bedroom units, all located on ground level. There are also 13 two-bedroom suites contained in Fernwood Manor – 6 are located on the ground level and 7 are located on the balcony (2nd floor) level. There are four townhouse-style units with the two bedrooms on the second floor (Eldorado Court) providing roomy privacy with front and back entrances. Additionally, there are four townhouse-style units with basements (Allision Court).

6.   The 35 member/shareholders of the co-op elect a 6-person board of directors who manage the affairs of this co-op, including the part-time maintenance person and the bookkeeper.

7.   Monthly housing charges are determined, and may be adjusted, by the board. These charges cover most of the operational costs of the co-op. Member/shareholders are responsible for their own hydro, telephone, and cable costs, etc.

8.   There are two conveniently located laundry & storage rooms at Brighton Manor and Fernwood Manor to provide service for designated tenants. The townhouse-style units are wired for their own washer and dryer (if tenant has machines), otherwise the laundry rooms both have two sets of coin operated washers and dryers costing $0.50 per wash/$1.00 per dry .

9.   A cleaning/damage deposit of one moths housing charge is taken when a tenant moves in and is refunded (with a nominal amount of interest) at the time of vacating the unit, depending on the good repair and cleanliness of the suite.

10.  Any housing charges, hydro charges, cleaning & repair charges and any other amounts owing to the Association can and will be deducted from the cleaning/damage deposit and the member share account before a refund is issued upon vacating the unit.

11.  You will be asked and expected to serve on the Board of Directors and/or Committees from time to time.

12.  As a member, you are expected to assist with the maintenance, snow removal, weeding, and general clean up of the co-op and grounds.

13.  The turn over rate at this co-op is very low, averaging only 2 – 4 vacancies per year. If you find alternative housing before you are able to move in to this co-op, we would appreciate it if you would let us know if you would like your application kept on file or removed from the waiting list.

14.  New members/shareholders in this co-op are admitted at the sole discretion of the membership committee and the board; therefore, the earliest dated application is not necessarily the next application accepted for residency. First come, first serve does not consequentially apply.

15.  A basic criterion of co-ops is participation. If you do not reside full-time in your co-op, how can you participate? Therefore, if you cannot participate, you are not a prime candidate for co-op living. With the above in mind, two areas that we concentrate on are:

16.  New residents moving into the Co-Op after 13th April 2010 into 2 bedroom units must be willing to move into a one bedroom unit after becoming a single occupant as soon as one becomes available.

17.  No animals or pets of any kind shall be kept or harbored in the demised premises without the prior written consent of the Directors.

 

 
 

 

 
 

Copyright 2011 Central Okanagan Cooperative Housing Association